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, too. you know what i am thankful for this thanksgiving? i am thankful elections, they have consequences. >> the time for bickering is over. the time for games has passed. now is the time to deliver on health care. >> have you read the bill? hell, no, you haven't. >> the supreme court has upheld president obama's health care law. >> the health care law. >> the signature achievement of barack obama's presidency. >> now they're trying to drag it into the negotiations over the fiscal cliff. >> we have a new message from congressman boehner. >> we can't afford it, we can't afford it and we can't afford to leave it in tact. that's not a new message. >> can you say it was done openly? >> that is not a new message. >> they have been defeated three times. >> we had an election. >> the american people have spoken. >> elections have consequences. >> we're not going to change anybody's mind. >> they need to move on. >> we had an election and they lost. >> i want to thank everyone who participated in this election. >> the presidential pardon. >> the winning turkey can thank his stellar
term. when barack obama was elected the first time, they summed it up with this head line. "black man given nation's worst job." that was for the start of his first term. might be more apt for second term. the second term is when the job turns out to be a difficult job for presidents. if you go back to woodrow wilson in his second term trying to join the league of nations, that was pretty much the end of wilson. that was his second term. when it was truman in his second term during the korean war, he fired general mcarthur. the country responded by throwing parades for the general who got fired. and harry truman left office with approval ratings that dick cheney would kill for, but for everyone else would see that as a disaster. second terms are almost always seen as a disaster, then at least when the big disappointments happen and often the failures. when the soviet union beat us, when the soviet union beat the united states to put the first space satellite into orbit, when no nation had put something like that -- up in space and had it stick there and the soviets did it first with s
wins this fight. sadly the real reason we've reached this point is because our elected representatives simply have no idea how to stop spending your money. as a result, the door has been kicked wide open for democrats to use this as an opportunity to scare you into thinking more government, well, that's got to be the answer. we've heard all of this before. now during both the obamacare and the stimulus debates, fear mongering was this president's go-to strategy into getting his way. this is what he predicted would happen unless his so-called recovery plan was passed. >> the situation we face could not be more serious. we've inherited an economic crisis as deep and dire as any since the great depression. economists across the spectrum have warned if they don't act immediately million more jobs will disappear, the national unemployment rate will approach double digits, more people will lose their homes and their healthcare, and our nation will sink into a crisis that at some point is going to be that much tougher to reverse. >> sean: a lot of good that did. what's stopping obama from imp
that the president has, and i think he said this after the election, his mandate is to protect the middle class and help people enter and stay in the middle class. how do we do that? make sure medicaid is there in the future, that it is as strong and efficient to carry -- >> but he's going to be open to changes to all of this stuff? >> he has a plan on the table, so it's a little bit of a discussion that we've already had. >> let's talk about the politics a minute. the future of obama for america. how much a part of the dnc does it become? how do you do in 2014 what obama for america was incapable of doing in 2010? >> well, let's talk about 2014. those decisions are being made now whether obama for america gets housed at the dnc -- >> could it be a separate organization? >> or it could be a separate organization. i think that coming out of the 2008 election organizing for america, which was really -- >> but you housed it in the dnc. >> right. those decisions are being made now. but i will say that 2012 is a little bit different than 2008. the american people nope the preside president. they kno
nonsense is so freely propogated. >> she is the fourth woman elected to the senate and the first republican. 20 years in the senate. >> the first ones don't see their success, but what they do does prepare the way for the mechanics generation or the next woman to move to the next level. >> he, for good or bad, always goes his own way. 25 years in the senate. >> what, after all, is a democrat like me doing at a republican convention like this? >> at the end of his term they are leaving for good voluntarily. >> i yield the floor. >> i yield the floor. >> i yield. >> i yield the floor. >> today farewell to congress with arizona senator john kyl, massachusetts congressman barney frank, senator kay bailey hutchison of texas, and the connecticut independent joe lieberman. i'm candy crowley, and this is "state of the union." >>> 35 members of congress retired this year. ten in the senate. 25 in the house. the highest number of retirmts since 1996. i sat down with four of the retirees at senate joe lieberman's hide-away offense in the capitol to talk about what they'll miss, what they won't miss, t
raise tax rates. which is why he's pushing against that idea. two senate republicans up for re-election in 2014 have bucked norquist saying they are willing to let taxes ride. chambliss spoke to his hometown station. >> that pledge i signed 20 years ago was valid then. it's valid now, but times have changed significantly. and i care more about this country than i do about a 20-year-old pledge. >> on sunday south carolina senator lindsey graham also broke ranks saying the norquist pledge can no longer be a conservative litmus test. >> when you're $16 trillion in it debt, the only pledge we should be making to each other is to avoid becoming greece. but i will violate the pledge, long story short, for the good of the country only if it democrats will do entitlement reform. >> but a bipartisan consensus to raise taxes grows, republicans insist they won't budge on kaepg the bush tax rates for the wealthiest at 33% and 35%. they've expressed more openness to raising revenue by eliminating individual loopholes and deductions in the tax code and believe they have public opinion on their side.
had. it is where they were before the election. they gotta wake up and see the election, change things and they actually have to meet democrats somewhere in the middle. >> bill: i would hope. i would hope. new york times this morning, front page of the business section in terms of closing loopholes, romney was never specific about which one. new york times is saying that they know -- now we know one of the ones they're targeting. the headline is a tax break once sacred is now seen as vulnerable. what they're talking about is the mortgage interest deduction. there was no doubt it is on the table. it is one they're targeting rather than raise tax rates on the wealthy, they're going to either limit or get rid of the mortgage interest deduction. which is the most popular one. >> the most popular one. politically difficult i think. that's really the problem with romney's entire approach that said we'll just create revenue by closing loopholes. you go down the list of the largest loopholes and pretty quickly, you get to
. and that is to build some public support tap on the good feeling from his re-election to give -- as ryan pointed out. there's some democrats including powerful ones like harry reid that say medicare and medicaid have to be off the table. those democrats do not include president obama who has made it clear he's open to a discussion about medicare and medicaid. and you usually would think there's not enough time to do serious entitlement reform. but the fact is, we've been talking about this set of issues for a year and more, lots of blueprints out there, including simpson/bowles. i think it is possible that will be part of a deal that is reached before the end of the year. >> this morning, dick durbin didn't really want to get into specifics. you aren't hearing a lot of numbers from a lot of people, but did say he was encouraged. take a listen. >> if i sound bland and general at this point, it's exactly to the point he made. when the doors close and we sit down with revenue on one side, entitlements on the other, then we get specific and come up with a bipartisan plan. >> ryan, to susan's point of wh
or -- >> absolutely not. they're stonewalling at every turn. they ran out the clock before the election. the president says now that the election is over, we'll cooperate. the most basic information about what happened on the night of the attack, and what survivors had to say after the attack is not being provided, and we'll talk more about that tomorrow. but long story short is i know very little from this administration about what happened in benghazi. what i'm finding out on my money makes me very upset. >> greta: is ambassador rice trying to test the waters if she's nominated? >> i have no idea, but i'll be glad to talk to her. again, it's not just about her. why did the president seven days after she spoke write this off as a video-inspired event when it's pretty clear to everybody early on this is a terrorist attack, in a coordinated way. there was no mob that turned into a riot. the riot that i've seen doesn't include heavy weapons and mortar trucks. >> greta: do i take it you're going to ask her direct questions? >> i'm going to ask her straight, direct questions because it's my job. president
is going on? >>guest: republicans lost the election. it was about tax policy. most republicans want to get a deal they have to give something up. they will want something in run so if they bend on taxes they will want an entitlement reform, so, that is the rub, but, republicans do not want to raise the rates with you they want to eliminate the tax loopholes and bay down the debt. that would break grover's pledge. >>neil: i have the pledge, something that a lot of the guys signed on to, quite a few but what stands out is the second part of the pledge, you oppose any elimination of deductions and credits unless matched dollar for dollar by further reducing tax rates. it is the tax rate stuff that will not help. what do we make of either this moment of reality, this post election come to whoever moment or what? >>guest: the democrats have been frustrated with the g.o.p.'s sticking to the pledge and now, president obama won a second term, it is very important that any deal they sign off on would break part of the pledge. i don't think the democrats will sign off on anything that doesn't at lea
stayed with them as a colleague during the civil war and after grant was elected president initially appointed washburn secretary of state and washburn became very ill, after ten days he submitted his resignation to president grant show grant regretfully had his resignation and he regained his health which was always very fragile and grant the then offered him the position as minister of france, ambassador of france. >> michael hill on washburn, minister to france in the 1870 franco prussian war, and the only power of the state providing political and humanitarian support. q&a sunday night at 8:00 on c-span. >> now a discussion on entrepreneurship, immigration reform and innovation. economist douglas holtz-eakin and aol co-founder steve case, at the aspen institute for 30 minutes. >> next we have a panel on america and where it is going, steve clemens -- steve clemons is the empress area of washington ideas. >> hey, folks. everybody is running to the thompson reuters counter. thank you for joining us. great to be with you. i am steve -- steve clemons, editor of large of the atlantic,
in libya. >>> the election was only three weeks ago, but president obama's about to shift back into campaign mode. and we're learning exclusive new details about the personal and professional life of the woman at the center of the scandal that forced the resignation of cia director david petraeus. i'm wolf blitzer. you're in "the situation room." >>> we begin with the obama administration's latest attempt to explain the misleading information given out in the days after the september 11th attack on the u.s. consulate in benghazi, libya. four americans including the u.s. ambassador to libya died in what we now know was a terrorist attack. but that isn't what the u.s. ambassador to the united nations susan rice said when she went on national television five days after the attack. today rice is up on capitol hill. she's explaining what happened and some big-name republicans clearly are not very happy with her answers. our senior congressional correspondent dana bash is following what's become a pretty long day -- a tiring day for the u.s. ambassador to the u.n. what's the latest,
the military offensive in gaz a. this is weeks before the general election. he wants to focus on his personal life. there is more to this story i think. angry workers and a fire in bangladesh. many workers were trapped in the building because of no emergency exits. some of the clothes were made for walmart and sears and clothing line of sean puppy combs. shellie moore catit po will announce her cand date for u.s. senate. she is a pro choice republican and she is a test of the gop's ability to expand the appeal to voters, the congresswoman will run for democrat jay rockefeller's seat. the senator is not saying if he will run again in 2014. it is an exciting day today. shoppers will be pounding the keyboards and not the pavement looking for on line bargains. this year's cyber monday will be a big success with americans expected to spend 1. 5 billion bucks up 20 percent from last year. i saw the deals last night. buy one and 60 percent off on the other. it is enticing. >> brian: deals are for real. and today's on line . happy to see the retailers busy over the weekend. talking about the fiscal c
'm not obligated on the pledge. i was just elected. the only thing i'm honoring is the oath that i take that i've sworn in in january. >> that is the sound of cracks forming in grover norquist's facade. he's the guy who gets republicans to sign a pledge that they will never ever under any circumstances raise taxes. but with the fiscal cliff looming, there's a growing consensus that taxes may have to go up. norquist said those who reneged would pay a price. >> would you target some of them? >> we would certainly highlight who has kept their commitment and who hasn't. >> fortunately for grover, but unfortunately for those who want everyone to contribute their fair share there are plenty of republicans caught in the pass, plenty who can't accept that president obama won reelection >> there are some republicans who recognize they did lose and that new revenue new tax revenue will have to be part of any deficit deal. i noticed mitch mcconnell's talked about tax rates. he's going to insist that tax rates not go any higher. you've got the mathematicians trying to raise the numbers. you can exact the
an election. these were the issues in the election. what organized labor is doing is urging this administration to stand tall. that was the message that was delivered today. we won and these were the issues. they wanted to send you a voucher for your medicare. they want to reform basically everything and take it away. we won the election. now we have to stand tall to make sure we protect the safety net of medicare and medicaid. we should stand tall. there's no sense kicking the can down the line. what they are doing is trying to hold the 98% hostage for the 2% who aren't paying their fair share. every american realizes the rich should pay more money. that's the message we have to deliver. if they are playing that game, it's a losing hand and we're on the right side of this. i think we should say this is what it is. let's have reform. let's make sure we keep tax cuts for 98% of the people. but the 2% have to pay their fair share. >> but mr. hoffa, if we go off the fiscal cliff, you're prepared to do that. that would hurt a lot of your members. are your members, do you think m
, it went very well. the problem was that was before thanksgiving after the election. and since that time, there's been little progress with the republicans, which is a disappointment to me. >> well, the market didn't exactly like what they heard there either. the dow lost nearly 90 points today. much of it in reaction to harry reid's dismal statement. i got an e-mail with it all in caps, the market is coming in on these headlines from harry reid. this matters, every word they say matters and white house press secretary jay carney was on the defense today. he pointed out as he had done yesterday that the president spoke on the phone with senate majority leader harry reid and john boehner over the weekend. and besides carney says, the president has to talk directly to the american people. >> it is vitally important that ordinary americans actively engage in this debate because the outcome of these negotiations and the hopeful product of these negotiations are the product that we hope emerges from these negotiations will profoundly affect their lives. >> so is the president, the missing ing
coverage. a private meeting between the two of them. i think it's designed to say the election is over, mitt romney did win about 47.5% of the vote of the american public, a recognition of that fact and recognition by the president if there is a grand bargain to be done he's going to need the help of republicans. i don't know how much mitt romney will play a role in that. i think mitt romney this is the guy i beat, he represents a significant constituency that voted against me, we're going to bring him in and talk to him. i don't expect much substantive to come to it. symbolism, saying the election is over and move on and work for the country. >> it is symbolic. we've seen this drama before, but in the past it's been with a republican nominee who frankly carries more political weight within his own party and held a constituency there. in this case he's not elected to anything, not a sitting senator, a defeated presidential candidate but someone who still plays a role in politics. this is about sending a signal of niceness and appealing to higher angels we as a country can move on. >> m
both parties have failed the american people. gathery says the people are to blame. we elect the same people. thanks for sharing. that's it from washington. see you next send. >> chris: i'm chris wallace. people take to the streets of cairo to protest the egyptian president power grab and fallout continues over the benghazi terror attack. we'll discuss the situation in egypt. the cease-fire in gaza, and the libya investigation when we sit down with senator john mccain. it's a fox news sunday exclusive. then is the looming fiscal cliff casting a shadow over shoppers and investors this holiday season? visions of bargains are dancing in the heads of consumers. will the possibility of higher attackses slow them down. we'll talk with matthew shay, president of the national retail federation and john sweeney of fidelity investments. the holiday is over for white house and congressional leaders trying to make a deal. we'll ask our sunday panel if they can reach a compromise. >>> a thanksgiving tradition, our power player of the week has me dancing with turkeys, all right now on "fox
in a swing state, the co2 question played a major role in the election concerning the coal mining question. to avoid any other misunderstanding, i know what it means to close a coal mine for 35,000 inhabitants, most of them employed in the coal mine. when you close down the coal mine, it was an economic disaster. but today, the coal mine is closed down and you have an economically flourishing city. so it is possible to step away from a traditional industrial structure, with public financing and support to go into another direction. therefore we need more money in the european budget. [laughter] mali and congo, i set a lot about our common commitment, and where the values are challenged, wherever terrorism and terrorist groups try to destroy countries, to bring countries to the state of a failed state, as a basis for terrorist groups to export their terrorism, we must act. somalia is a symbol. what is happening in mali is a direct result of the libyan revolution. it is now distributed in the whole region. not only mali. a at a meeting with the king of morocco to tell me that for his country
's not the first election we worry about, it's the second. that is what we have to worry about, a repeat of the iranian experience in the 1970s, and -- but, what should the u.s. be doing, saying, this is unacceptable and thank mr. morsi for his efforts in brokering a cease-fire, which is, by the way, incredibly fragile but is not what is acceptable, what the american taxpayers expect and our dollars will be directly related to the progress towards democracy, which you promised the people of egypt, when your party and you were elected president. >> chris: let's talk about that. because, morsi took his step hours after secretary of state clinton praised him for helping broker the deal between hamas and israel and so far, at least the administration issued, the state department, a tepid criticism. how tough should they get with them? directly say pull back, what should our demands an leverage be? >> our leverage is obviously, not only the substantial billions in aid we provide, plus, debt forgiveness and an i. -- an imf deal, but the marshalling world publish opinion is against this kind of
norquist. >> i'm not obligated on the pledge i made tennesseans aware is just elected that the only thing i'm honoring is the oath that i take when i serve when i'm sworn in this january. >> there's a lot that has been said about this pledge, and i will tell you when i go to the constituents that have elected -- re-elected me, it is not about that pledge. it really is about trying to solve problems. >> when you're $16 trillion in debt, the only pledge we should be making to each other is to avoid becoming greece, but i will violate the pledge, long story short, for the good of the country only if democrats will do entitlement reform. >> sounds great, doesn't it? only one problem, this apparent kiss-off to the anti-tax guru appears to be pure lip service. as mr. norquist himself expressed this morning in somewhat colorful language. >> no pledge taker has voted for a tax increase. we've had some people discussing impure thoughts on national television. we would certainly highlight who has kept their commitment and who hasn't. >> yet, so far those impure thoughts have not crossed into taboo te
, this is unprecedented whether right or wrong, but it's something that was done not only during the elections, but a statement made by the president more than once, and i think it was in connection of promises made also to the israeli prime minister. how, will president obama fulfill the promise? wiggle out of it? absolutely implement it whether it's militarily or through containment policy, and what are they doing from my point of view, one of the reasons or a fascinating part about the gaza operation is that, a, they are giving hamas a lead in creating the new dynamics or dictating dynamics in an alliance of the muslim brotherhood leadership's be it in egypt or turkey, and it's probably the move to undermind the palestinian authority because he's going to the united nations asking for the status of the states, observer state, but the change of subject, at least by the israelis away from iran and syria, on to gaza, to me, is a very fascinating development. is it temporary or going to be an ongoing -- how long is that change of subject? sometimes leaders and security people know better. they
appropriate time, we had the new president-elect of mexico that came down here, met with members of congress and i believe at this particular time he's meeting with the president right now. president barack obama, and we look forward working with our mexican counterparts to make sure that we keep in mind that a secured strong prosperous mexico is in the best interest of the united states. mexico is not an enemy but it is a friend of the united states. and i think both benny thompson has been down to the border and michael mccaul has been down to the border. the rio grande does not unite the two countries but unites us together. also to the family of jamie zapata, losing a son is very, very difficult. and, again, we want to thank the family for providing this strong hero in a we can say jamie zapata was truly a hero of the united states. so members, i urge all my colleagues to support this bill by voting aye on h.r. 915. and with that i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from texas has announced that he'
. a young woman said it's not the first election we worry about, it's the second. that's what we have to worry about, a repeat of the iranian experience. what should the united states of america do? saying this unacceptable. we thank mr. morsi for his efforts in brokering a cease-fire, which is fragile but this is not what the united states of america taxpayers expect and our dollars will be directly related to the progress towards democracy which you promised the people of egypt when your party and you were elected president. >> chris: let's talk about that because morsi took his steps ours after secretary of state hillary clinton praised him for helping to broker the peace deal between hamas and israel and the administration issued the state department a tepid criticism. how tough should they get? should they say you have to pull back? what should our demands and leverage be? >> our leverage is not only substantial bayance and aid, plus an imf deal but the marshaling world public opinion is also against this kind of move by mr. morsi. we appreciate president morsi's action but in th
. >> stephanie: good morning. >> caller: i would just like to say as opposed to past elections, wall street was all in with romney. they didn't split their conviction as usual. >> stephanie: right. >> caller: yeah, so instead of fighting them for a tax increase on the top 2% that america supports, let's gently go over that fiscal slope and then. >> stephanie: it's more like a fiscal bunny hill. i think with a good flying sauce as her weeding fine and go right into january. >> caller: fuzzy too right? >> stephanie: yeah. >> caller: gently go over to face asking slope and give 98% of americans a tax decrease and everybody will get what the american people wanted. >> stephanie: yeah within i have to say we're going to have a big discussion about this this morning. there's a lot of interesting different sides you're with patrick murray. senator murray is saying it's not a cliff it's a slope. he's saying it can be fixed fairly quickly in january. >> what we don't want is extending the bush tax cuts again, because that's what put us into this situation in the first place. >> stephanie: eric canto
. president, you better watch yourself because we won the election. let's focus on those taxes on the rich. let's deal with entitlement down the line. that scares me. that is unrealistic. it goes against what we heard the president of the united states say. >> dana: when it comes to the math, do the math, they have a good opportunity in front of them. >> we heard senator reid said when asked he couldn't name any of the cut the democrats are willing to offer in the fiscal cliff negotiations. he said, "we need to get credit for cuts previously made." this is today. the cut previously made. i'm scratching my head to figure out what cuts the democrats made prior that they want credit for. if they did make credit cuts why did we run up four more years in a row? start fresh right now. talk about cuts and then talk about how are we going to raise revenues. >> eric: what would -- >> dana: what would harry reid mean by that? get credit on cuts they made. on what? >> bob: that is a $60,000 question. i'm not sure what he is talking about. but i know there will be cuts if entitlement program. readjust
is ticking. it's been three weeks since the election and congress really no closer to a deal on the fiscal cliff, unless they're not telling us something. that's a possibility. now both sides appear to be focusing on what they want to rule out rather than what they're willing to compromise on. we're live on capitol hill with the very latest. david: also, we held a small business summit right here on "after the bell," and it looks like the president was watching. he has invited small business owners to discuss what they want to see from congress. we'll be talking behind the closed doors with one of those who was behind the closed doors, the ceo of bottom line growth strategy, she was at the meeting. liz: david, are you feeling lucky? david: yes. liz: the powerball jackpot at a massive $500 million, but before you run out to buy your ticket, we're going to tell you what the real payouts are. i know that won't stop you, nonetheless, you'll still get a bunch of coin. is and where the money actually goes -- and where the money actually goes. ♪ [ male announcer ] this is steve. he loves risk.
was elected president, he initially appointed washburn secretary of state and at that time, wash burn became very, very ill and his family feared for his life. after 10 days, he submitted his resignation and grant regretfully accepted his resignation. over the next several months, he regained his health, which was always very fragile. and so grant then offered him the position as minister to france. >> researcher and author michael hill. washburn, minister to france and only diplomat to stay during the siege of pars -- par is. sunday night at 8:00 on c-span. a conversation now with the founder and president of americans for tax reform, grover norquist. he is the person who got some members of congress to sign a pledge to not sign taxes. a number of republicans said they are willing to vote for a tax increase. this is just under an hour. >> thank you for coming out. two weeks in a row, thank you very much for coming out and we will have another one next wednesday and we appreciate you being here. grover norquist, president of americans for tax reform. people who are following us on twitter, j
. [indiscernible] >> what matters is japan has an election december 16 and -- may be back. that was his strategy that if you put together a things -- i want to hear what you think -- i know you cannot talk one way or another about the prime ministers in your position, but this japan really need to invest in structures that balance -- are you worried, given your experience, you have to balance china much more vigorously than in the past? >> yes, most frequently asked questions for diplomats in japan is do we see china as a threat? our answer is, we would like to see china develop as a chance and not a threat. >> what do you think will really happen? what's there is the assumption that china continues to be an international stakeholder in the international community and respect the international order with other countries. on the assumption i think we can lock them china's advancement, the development in order to maintain the prosperity of east asia, while asia-pacific as a whole, it turned is very critical element. we want to embrace of china as a kind of source of the prosperity in the region. i
. they are falling for this republican line of crap. republicans lost this election. this was mitt romney's deal. and president obama said we have to have an balanced deal we're going to cut spending to the bone, but you have also got to get rid of those bush tax cuts for the wealthiest of americans, and put it back where it was under president clinton, the greatest economic growth in our lifetime. americans went with president obama's idea. it's now time for republicans to accept this is what the americans want. but instead this is more republican propaganda, and i just kills me that so many of my colleagues in the media are falling for it. republicans are saying we'll break the pledge. who cares. they say they are going to break the pledge, bfd, they say they are going to offer new revenue. okay. sure. but where from? they say will not, no no, no, tax rates for the wealthy of americans. we will not raise taxes on the 1%. we will only accept new revenue from closing loopholes. that means your mortgage interest deduction is history, and your child care deduction is history. t
willingly lose an election if i could solve these problems. it is that serious. tim geithner, the treasury secretary, in the book is quoted thousands of words telling the president, you have got to do something about this problem. we have to fix it. you literally, it's not that we're going to close down the government, we will close down the american economy and, in turn, the global economy. if they do not solve the issue of this runaway spending, get some way to stop borrowing in excess, he tells the president of the united states if we default on this, on our obligations and our ious, we will trigger a depression worse than the 1930s. anybody here remember the 19 1930s depression? you probably don't. i don't. i was not born, but i've read about it. it was a calamity for the world. tim geithner said to the president what, if we default on this, if we do not solve this problem, we will have an economic catastrophe that will make the 2008 financial crisis a footnote in the history books. anyone remember the 2008 financial crisis? that's coming not from some columnist or journalist, that is
by ambassador rice and president obama three weeks before an election. >> shepard: rice said while we wish we had had perfect information, just days after the terrorist attack, as is often the case, the intelligence assessment has evolved. neither i nor anyone else in the administration intended to mislead the american people at any stage in this process. and the administration updated congress and the american people as our assessments evolved. democrats call it all pure politics. they won the election, but the opposition still fighting. so now showdown between the white house and house republicans over the president's choices for his cabinet. catherine herridge live in the dc news room. it sounded like they were ready to dial this back. but they've dialed it up instead. >> they have. within the last hour, this from the three senators disputing white house claims that statements about benghazi are a closed matter, that there are no unanswered questions. the senators saying this morning the acting c.i.a. director morell told them the al-qaeda references were dropped in the c.i.a. talking poin
moving lower. the sector began to take a hit following the election, and has yet to find its footing. liz: take a look at nat gas. they're all moving lower. the expectation of warmer weather across much of the u.s. means less usage of natural gas, particularly in the northern midwest and we were going to get snow tomorrow under an inch. david: and we are seeing weakness the department store stocks. macy's and nordstrom's underperforming in that particular sector. liz: how about some jewelry for the holidays. a rough year, but today it is making a huge push to get consumers to buy diamonds and fine jewelry. president and ceo harvey cantor here live to tell us what those deals are including a huge giveaway they're doing and how we are doing and what kind of a halo effect they're having on the giveaway. david: and economic advisors warning middle-class tax rates to rise and failing to catch could cause consumers to spend $200 million less than they normally would next year. coming up chairman of the president's council of economic advisors joining us to talk about the fiscal cliff and whethe
with that in the past and the president was elect today stand up for the united states, that's what this is, a problem for our country and for our-- >> and do you believe that president obama, if this tax comes down the pipe from the united nations, he will say we're not paying? get off our backs? >> there's been no talk about it. it's hard to imagine. there's no precedent for it and it's rank speculation, i can't see it happen. that's not what we're talking about. >> would he defend our interest by saying we will not sign on to a u.n. carbon tax, did he do that? >> i think he'll defend our interest by saying it's time we good up for a grave and gathering threat. stuart: the question is simple, bob. >> i'm not trying it elude your question. stuart: you're not directly answering the question. if the united nations comes up with some form of carbon tax climate change, call it a tax, call it a fee. and the u.n. diverted towards climate change movement, if they come up with that kind of demand for our money, do you think that president obama will say, you're not getting it, get lost? >> i think he would,
that they lost -- they tried to sell their ideas to the american people. they lost the election. so is the president right of going on the road? absolutely! i'm glad to see him do it. you know what? you know what he's doing? exactly what ronald reagan did! >> whoa, whoa, careful, bill! how dare you invoke the name the holy one! >> bill: that's exactly -- i think the president is right on. how about you. 1-866-55-press. let's talk about it. >> announcer: this is the "bill press show." live on your radio and current tv. [ ♪ theme ♪ ] >> announcer: heard around the country and seen on current tv this is the "bill press show." >> bill: 24 minutes after the hour. congresswoman karen bass joining us in studio in the next segment. we're talking about president obama taking his show on the road to get the support of the american people for a tax cut -- you wouldn't think you would have to go out and put pressure on congress to give 98% of americans a tax cut. but it shows you how out of touch with the american people,
since the election. there's no doubt about it. i think john, you'd verify this. number of republicans, i've talked to a couple of united states senators who said there's at least 10 to 12 republican senators who are willing to walk away from grover norquist on the tax pledge. >> it's breaking out all over. sanity is contagious. >> now, the question is, is the president going to stay where he is and go, you know what? we're going to do it my way or no other way? we're going to raise it to 90 -- to 39.6%. steve rattner had a great column yesterday. >> it's a must-read. >> you know there's more than one way to skin a cat, more than one way to raise over a trillion dollars in revenues. it doesn't just have to be the president's way. is the white house going to insist on the 39.6% tax rate, or will they consider the loophole part of it plus capital gains, plus a couple of other things? >> well, it looks to me like the white house has learned something over the course of the last four years which is that you don't start a negotiation by negotiating against yourself. >> right. >> you know, the
house. their first post-election meeting, jon. jon: wow! what is the latest from republicans on what the president has to say today? >> reporter: speaker john boehner just had a news conference on capitol hill and he expressed frustration because he is saying look, republicans put some tax revenues on the table but what they see the democratic side trying to pull entitlement reforms like medicare off the table. john boehner basically saying he thinks the spending situation is sort of a freight train that is coming at the nation right now. republicans senator mitch mism the leader in the senate -- mitch mcconnell blasted the president of saying he is doing is too much campaigning and not governing. take a listen. >> it is over. he won. congratulations. we have a hard deadline here however. and it is still, he is still out on the campaign trail, kind of celebrating. this is the problem. if the president really wants to reach an dwreechlt he needs to be talking with members of his own party right here in washington trying to broker an agreement, not out there firing up crowds and giving
the election, his number-1 priority will be jobs and the economy. we agree with that. but your number-1 priority is jobs and the economy you don't grow the economy to create jobs by raising taxes on small businesses, the people who create the jobs. >> white house press secretary today, jay carney said when he was asked when the next meeting would be, the answer was, it would come, quote at the appropriate time. >> well, nobody know what is that means -- >> no! that's my point. is that -- is that, you know -- look, all of have you had a vacation, i refer, to while you are campaigning the last 3 months. have you known about this fiscal cliff for a year and-a-half. now the president's going out, friday, to do, as you say, campaigning. the press secretary says there will be a meeting between the leaders at the appropriate time. that seems like it's right now. >> it does. to me, what you are seeing with the president and the democrats, is sort of an attempt to run out the clock. i think they think they gain leverage if the pressure builds. you are hearing a lot of prominent democrats saying,
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